Key Highlights

  • Wolverine's $0.10 quarterly dividend goes ex-dividend October 1, 2026 and is payable November 2 to shareholders of record.
  • Second-quarter revenue was $506.4 million, up 6.8%, or 6.1% in constant currency, from $474.2 million.
  • GAAP diluted EPS was $0.37 versus $0.32, and adjusted diluted EPS, a non-GAAP measure, was $0.40 versus $0.35.
  • Merrell revenue increased 11.1% and Saucony 9.9%, and management raised its 2026 outlook.

Overview

Wolverine World Wide, Inc.'s (NYSE:WWW) $0.10 quarterly dividend, declared August 3, 2026, yields 2.08% and is unchanged from the prior quarter. Second-quarter GAAP diluted EPS was $0.37 and adjusted diluted EPS, a non-GAAP measure, was $0.40, versus $0.32 and $0.35 a year earlier. Management raised its 2026 outlook.

Dividend Program and Shareholder Returns

Wolverine's board declared a regular quarterly common dividend of $0.10 per share on August 3, 2026, payable November 2 to shareholders of record on October 1. The rate is unchanged from the prior quarter.

The latest filings identify no special or supplemental common dividend. Dividend declarations remain subject to board approval.

About the Company

Wolverine World Wide designs, markets and licenses footwear and apparel brands, including Merrell, Saucony, Sweaty Betty, Wolverine, Hush Puppies, Chaco, Bates, HYTEST and Stride Rite, plus global footwear licenses for Cat and Harley-Davidson. It sells through wholesale, direct-to-consumer and international channels. Results depend on consumer demand, brand momentum, inventory, foreign exchange and product launches.

Financial Performance Behind the Payout

Wolverine reported second-quarter revenue of $506.4 million, up 6.8%, from $474.2 million. GAAP gross profit was $235.3 million, a gross margin of 46.5%, and GAAP operating profit was $47.3 million, a 9.3% operating margin.

GAAP net earnings attributable to Wolverine were $31.2 million, or $0.37 per diluted share, compared with $26.8 million, or $0.32. Adjusted diluted EPS, a non-GAAP measure, was $0.40 versus $0.35.

Gross margin fell 70 basis points while operating margin improved 70 basis points.

Brand Momentum and a Raised Outlook

Active Group revenue was $388.4 million, up 9.3% as reported and 8.5% in constant currency, while Work Group revenue was $105.8 million, down 1.6%. Merrell revenue increased 11.1% and Saucony 9.9%, with progress also at Sweaty Betty and Wolverine.

International revenue rose 10.9%, while direct-to-consumer revenue was essentially flat. Management raised its 2026 outlook based on first-half performance.

The quarter ended July 4, 2026, and the related Form 8-K was filed August 13.

Outlook

Wolverine's management raised its 2026 outlook based on first-half performance. Active Group revenue growth of 9.3%, the 1.6% decline in Work Group revenue and the 46.5% gross margin are the measures the company reports for the quarter.